Market Overview:
Hardware encryption is a fast rising data encryption technology and is expected to remain highly relevant in the years to come. The process of encrypting data on a hard drive using sophisticated algorithms can be daunting and therefore holds significant potential. Moreover, such encryption platforms allow storage of even the most complex form of data. Usually, data on an encrypted hard drive is difficult to access without proper authorization owing to its multilayer security barrier, which is driving its adoption in various domains. Over the years, security algorithms have evolved and improved consistently, making security of encrypted data robust and effective. Market Research Future (MRFR) in its new report reveals that the global market for hardware encryption will soar at 22% CAGR during the review period (2017-2023).
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With the rising incidence of data theft and intellectual property theft, demand for hardware-based encryption continues to increase resolutely. Cyber security has become a key focus area for governments, enterprises and businesses across the globe. Investments are being made on technologies that not only have a higher level of sophistication but also meet the required security barrier standards. This is partly driving the adoption of hardware encryption. Apart from this, there are several other technological advantages of hardware encryption, which are equally influencing the adoption trends. In additions, introduction of new regulatory frameworks for the technology sector is supporting the growth of the market. Technology firms are constantly introducing advanced and innovative hardware encryption platforms that meet the requirement for securing mission critical end points and data collection devices (wearable, power grids, UAVs, in-vehicle cameras, homeland security, etc.) existing in the IoT environment.
Key Players
Some of the key players in global hardware encryption market are Micron Technology Inc. (U.S.), Samsung Electronics (South Korea), Toshiba Corporation (Japan), Western Digital Corporation (U.S.), Seagate Technology PLC (Ireland), Kingston Technology Corp. (U.S.), Micron Technology Inc. (U.S.), Kanguru Solutions (U.S.), Maxim Integrated Products, Inc. (U.S.), NetApp (U.S.), Win Magic Inc. (U.S.), Thales e-security (U.S.).
Global Hardware Encryption Market - Segmentation
On the basis of application, the global hardware encryption market has been segmented into automotive, healthcare, military & aerospace, BFSI, and IT & telecomm. Based on algorithm and standard, the market is segmented into advanced encryption standard, Rivest – Shamir –Adleman (RSA) Algorithm, digital signature algorithm, elliptic curve cryptography, secure hash algorithm and data encryption standard. Based on product type, the market has been segmented into inline network encryptors, solid state drives, external hard disk drives, flash drives, and internal hard disk drives. By end-users, the market is segmented into industrial, government agencies, commercial and residential. By architecture, the market has been bifurcated into Field programmable gate arrays (FPGA) and application specific integrated circuits (ASIC)
Regional Analysis:
Among regions, North America currently accounts for a dominant share of the market and is likely to remain highly lucrative during the assessment period. This is primarily owing the presence of leading market players in the region. Meanwhile, the market in Asia Pacific (APAC) is also expected to exhibit a staggering growth in the forthcoming years. The rapid expansion of the IT and telecommunication network in countries such as Thailand, China, Malaysia, India, and South Korea among others.
Intended Audience
- Banking
- Hardware Manufacturers
- Testing
- R&D
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TABLE OF CONTENTS
LIST OF TABLES
Table 1World Population By Major Regions (2017 To 2030)
Table 2 Global VR Software Market: By Region, 2017-2023
Table 3 North America VR Software Market: By Country, 2017-2023
Table 4 Europe VR Software Market: By Country, 2017-2023
Table 5 Asia-Pacific VR Software Market: By Country, 2017-2023
Table 6 Middle East & Africa VR Software Market: By Country, 2017-2023
Table 7 Latin America VR Software Market: By Country, 2017-2023
Table 8 Global VR Software By Architecture Market: By Regions, 2017-2023
Table 9 North America VR Software By Architecture Market: By Country, 2017-2023
Table10 Europe VR Software By Architecture Market: By Country, 2017-2023
Table11 Asia-Pacific VR Software By Architecture Market: By Country, 2017-2023
Table12 Middle East & Africa VR Software By Architecture Market: By Country, 2017-2023
Table13 Latin America VR Software By Architecture Market: By Country, 2017-2023
Table14 Global VR Software By Product Market: By Regions, 2017-2023
Table15 North America VR Software By Product Market: By Country, 2017-2023
Table16 Europe VR Software By Product Market: By Country, 2017-2023
Continued…
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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